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Annual GST Return and Quarterly Tax Payments Proposed for B2C Businesses
Discover the proposed ARQP scheme allowing eligible B2C businesses with turnover up to Rs 5 crore to file annual GST returns and pay tax quarterly.
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Oil India Secures Landmark Special CBM Block Agreement
Discover the latest corporate developments as Oil India Limited signs a major contract for a specialized coal bed methane block, boosting future outlook.
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Madras High Court Rules Section 63 Assessment Mandatory Before GST Recovery
Madras HC sets aside Section 74 notice for an unregistered school, ruling that a proper Section 63 assessment is required prior to GST recovery proceedings.
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AMP Expenses Cannot Be Treated As International Transactions Without Proof: ITAT Delhi
ITAT Delhi rules advertising, marketing, and promotion expenses are not international transactions without proof of an arrangement. Read more on transfer pricing.
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Karnataka High Court Rules Assessment Reopening Invalid After TDS Review
Karnataka HC quashes tax assessment reopening for AY 2014-15, ruling that re-evaluating previously scrutinized TDS constitutes a mere change of opinion.
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Supreme Court Rules NDPS Section 52A Delay Does Not Automatically Grant Bail
The Supreme Court clarifies that a delay in complying with NDPS Section 52A does not automatically invalidate trials or justify granting bail.
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Delhi High Court Rules GST Search and Seizure Without Valid Reasons Illegal
Delhi High Court quashes GST search and cigarette stock seizure, highlighting that Section 67(2) mandates valid reasons and independent scrutiny.
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CESTAT Mumbai Rules Service Tax Must Be Refunded on Cancelled Flat Bookings
CESTAT Mumbai rules that service tax paid on cancelled flat bookings must be refunded since no service was rendered to the buyer.
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Supreme Court Rules COVID Extension Applies To 120 Day Written Statement Deadline
The Supreme Court sets aside a Bombay High Court ruling, confirming that COVID-19 limitation extensions apply to the 120-day written statement deadline.
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India-New Zealand FTA TRQ Import Procedures Announced by DGFT
Discover the newly notified TRQ import procedures for apples, kiwifruit, and Mānuka honey under the India-New Zealand Free Trade Agreement.